XML 73 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Operating Loss, Capital Loss and General Business Credit Carryforwards

Set forth below is a table that documents our domestic and foreign income tax attributes at December 31, 2024:

Type

Jurisdiction

Amount (in millions)

Tax Year Expiration

Net operating loss

U.S. Federal

$

576

None

Capital loss

U.S. Federal and States

2

2028

Net operating loss

U.S. States

901

Various

Net operating loss

Brazil

19

None

Net operating loss

Canada

7

Through 2042

Capital loss

Canada

5

None

General business credit

U.S. Federal

4

2044

Summary of Primary Components of Net Deferred Tax Asset

The primary components of our net deferred tax assets are as follows (in millions):

			As of December 31,
			2024						2023
Deferred tax assets
Net operating losses, general business credits, and capital loss carryovers			$	182					$	205
Investments in domestic affiliates			1						—
Property and equipment			2						3
Deferred revenue and expenses			30						20
Foreign exchange net losses (AOCI)			12						12
Total gross deferred tax assets			227						240
Less: Valuation allowance			(10)						(18)
Total deferred tax assets, net of valuation allowance			$	217					$	222
Deferred tax liabilities
Investments in domestic affiliates			—						(1)
Total gross deferred tax liabilities			—						(1)
Net deferred tax assets			$	217					$	221

Summary of Income (Loss) from Continuing Operations Before Income Taxes

Our U.S. and foreign income from continuing operations before income taxes were as follows (in millions):

			Year ended December 31,
			2024						2023						2022
U.S. income			$	697					$	768					$	659
Foreign income			24						20						10
Total			$	721					$	788					$	669

Summary of Provision for Income Taxes from Continuing Operations

Income tax provision for continuing operations consists of (in millions):

						Year ended December 31,
						2024						2023						2022
Current			—Federal			$	—					$	3					$	3
			—State			2						3						2
			—Foreign			4						4						1
						6						10						6
Deferred			—Federal			4						15						13
			—State			3						10						5
			—Foreign			1						1						2
						8						26						20
Income tax provision - continuing operations						$	14					$	36					$	26

Summary of Income Tax Provision Calculated at Statutory U.S. Federal Corporate Income Tax Rate and Actual Income Tax Provision Recorded

The differences between the income tax provision calculated at the statutory U.S. federal corporate income tax rate of 21% and the actual income tax provision recorded for continuing operations are as follows (in millions):

			Year ended December 31,
			2024						2023						2022
Statutory federal income tax provision			$	151					$	165					$	140
Adjustment for nontaxable income of Host Inc.			(147)						(147)						(124)
State income tax provision, net			5						13						7
Foreign income tax provision			5						5						3
Total			$	14					$	36					$	26

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-3

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration